CURRENT AFFAIRS

2023

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

To which country did the Exim Bank extend a $500 million credit line?

A	Sudan
B	Switzerland
C	Siberia
D	Sri Lanka

Explanation:

Detailed explanation-1: -UPSC Mains. Q. EXIM Bank has extended a line of credit of USD 500 million to which neighbouring country? Notes: Export-Import Bank of India (Exim Bank) has extended a Line of credit of USD 500 million to Sri Lanka for financing the purchase of petroleum products.

Detailed explanation-2: -"In January 2022, India extended a USD 400 million currency swap to Sri Lanka under the SAARC Framework and deferred successive Asian Clearing Union (A.C.U.) settlements till July 6, 2022. A Line of Credit of US$ 500 million was extended to Sri Lanka for importing fuel from India, ‘’ the minister added.

Detailed explanation-3: -Exim Bank on Monday said it has extended a line of credit of USD 100 million to the Maldives for financing developmental projects.

Detailed explanation-4: -UPSC Mains The government will provide a soft loan of USD 100 million to Mauritius for the procurement of defence items by the island nation.

There is 1 question to complete.